Understanding the Process of Economic Change (The Princeton Economic History of the Western World)

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9780691145952: Understanding the Process of Economic Change (The Princeton Economic History of the Western World)
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"Anyone with an interest in world poverty can benefit from this carefully crafted and closely argued book. It is a pleasure and a delight to read." --Paul Ormerod, Times Higher Education


"[North] sets forth a radical reconceptualization of the task and methods of the social sciences in general and economics in particular, providing a glimpse at an economics that refuses to 'assume a can opener.'" --Will Wilkinson, Cato Journal


"[This book] provides a sweeping view of the relationships among human belief systems, social institutions, and what [North] calls 'the adaptive efficiency' of societies in coping with changes in demographics, technology, and other factors." --Richard N. Cooper, Foreign Affairs


"A courageous attempt to enlarge the arsenal of theoretical tools available for economists." --Diego Rios, Journal of Evolutionary Economics

Reseña del editor:


In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories.


North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances.



Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.


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Douglass C. North
Editorial: Princeton University Press, United States (2011)
ISBN 10: 0691145954 ISBN 13: 9780691145952
Nuevos Paperback Cantidad: 1
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Descripción Princeton University Press, United States, 2011. Paperback. Estado de conservación: New. 229 x 152 mm. Language: English . Brand New Book. In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on adaptive efficiency, a society s effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy s institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries. Nº de ref. de la librería AAU9780691145952

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Douglass C North
Editorial: Princeton University Press 2010-04-19 (2010)
ISBN 10: 0691145954 ISBN 13: 9780691145952
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Descripción Princeton University Press 2010-04-19, 2010. Estado de conservación: New. Brand new book, sourced directly from publisher. Dispatch time is 24-48 hours from our warehouse. Book will be sent in robust, secure packaging to ensure it reaches you securely. Nº de ref. de la librería NU-BER-00113708

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Douglass C. North
Editorial: Princeton University Press, United States (2011)
ISBN 10: 0691145954 ISBN 13: 9780691145952
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Descripción Princeton University Press, United States, 2011. Paperback. Estado de conservación: New. 229 x 152 mm. Language: English . Brand New Book. In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on adaptive efficiency, a society s effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change.Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy s institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries. Nº de ref. de la librería AAU9780691145952

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North, Douglass C.
ISBN 10: 0691145954 ISBN 13: 9780691145952
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Descripción 2010. PAP. Estado de conservación: New. New Book.Shipped from US within 10 to 14 business days. Established seller since 2000. Nº de ref. de la librería IB-9780691145952

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North, Douglass C.
Editorial: Princeton University Press (2010)
ISBN 10: 0691145954 ISBN 13: 9780691145952
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Descripción Princeton University Press, 2010. Estado de conservación: New. 2010. Paperback. Develops a way of understanding the process by which economies change. This title explains how different societies arrive at the institutional infrastructure that determines their economic trajectories. It argues that economic change depends largely on 'adaptive efficiency'. Series: The Princeton Economic History of the Western World. Num Pages: 200 pages, 12 line illus. 1 table. BIC Classification: KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 236 x 155 x 15. Weight in Grams: 326. . . . . . . Nº de ref. de la librería V9780691145952

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Douglass C. North
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Descripción Estado de conservación: New. Depending on your location, this item may ship from the US or UK. Nº de ref. de la librería 97806911459520000000

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North, Douglass C.
Editorial: Princeton University Press
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Descripción Princeton University Press. Estado de conservación: New. 2010. Paperback. Develops a way of understanding the process by which economies change. This title explains how different societies arrive at the institutional infrastructure that determines their economic trajectories. It argues that economic change depends largely on 'adaptive efficiency'. Series: The Princeton Economic History of the Western World. Num Pages: 200 pages, 12 line illus. 1 table. BIC Classification: KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 236 x 155 x 15. Weight in Grams: 326. . . . . . Books ship from the US and Ireland. Nº de ref. de la librería V9780691145952

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Douglass C North
Editorial: Princeton University Press 2010-04-19 (2010)
ISBN 10: 0691145954 ISBN 13: 9780691145952
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Descripción Princeton University Press 2010-04-19, 2010. Paperback. Estado de conservación: New. Nº de ref. de la librería NU-GRD-00640305

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Douglass C. North
Editorial: Princeton University Press
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Descripción Princeton University Press. Paperback. Estado de conservación: new. BRAND NEW, Understanding the Process of Economic Change, Douglass C. North, In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries. Nº de ref. de la librería B9780691145952

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Douglass North
Editorial: Princeton University Press 2010-05-21, Princeton, N.J. |Woodstock (2010)
ISBN 10: 0691145954 ISBN 13: 9780691145952
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Descripción Princeton University Press 2010-05-21, Princeton, N.J. |Woodstock, 2010. paperback. Estado de conservación: New. Nº de ref. de la librería 9780691145952

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